Herc Holdings Inc. (NYSE:HRI) Receives $171.86 Average Price Target from Analysts

Herc Holdings Inc. (NYSE:HRI) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $171.8571.

Several brokerages have commented on HRI. KeyCorp decreased their target price on shares of Herc from $190.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, March 16th. JPMorgan Chase & Co. boosted their price target on shares of Herc from $150.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Wells Fargo & Company upped their price target on shares of Herc from $170.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Citigroup decreased their price objective on shares of Herc from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Finally, Robert W. Baird lowered their price objective on shares of Herc from $200.00 to $198.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th.

Institutional Investors Weigh In On Herc

Hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new stake in Herc during the 4th quarter worth about $206,000. Empowered Funds LLC increased its holdings in shares of Herc by 47.3% in the 4th quarter. Empowered Funds LLC now owns 5,527 shares of the transportation company’s stock valued at $820,000 after purchasing an additional 1,775 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Herc in the fourth quarter worth approximately $179,000. Balyasny Asset Management L.P. lifted its position in shares of Herc by 87.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 51,588 shares of the transportation company’s stock worth $7,655,000 after purchasing an additional 24,099 shares in the last quarter. Finally, Freestone Grove Partners LP boosted its holdings in shares of Herc by 667.9% during the fourth quarter. Freestone Grove Partners LP now owns 573,149 shares of the transportation company’s stock worth $85,044,000 after purchasing an additional 498,511 shares during the period. 93.11% of the stock is owned by hedge funds and other institutional investors.

Herc Trading Down 4.5%

Shares of NYSE HRI opened at $100.14 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 4.17. Herc has a 12 month low of $96.18 and a 12 month high of $188.35. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -556.31, a P/E/G ratio of 13.53 and a beta of 1.73. The business has a fifty day simple moving average of $141.21 and a 200-day simple moving average of $139.33.

Herc (NYSE:HRI) last issued its quarterly earnings results on Tuesday, February 17th. The transportation company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Herc had a return on equity of 13.21% and a net margin of 0.02%.Herc’s revenue was up 27.1% on a year-over-year basis. During the same quarter last year, the business posted $3.58 EPS. Sell-side analysts predict that Herc will post 12.84 EPS for the current year.

Herc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.8%. Herc’s payout ratio is currently -1,555.56%.

About Herc

Herc Holdings Inc (NYSE: HRI) operates as a leading equipment rental provider in North America, offering a wide range of machinery and support services to construction, industrial, government and event sectors. The company’s fleet includes aerial work platforms, earthmoving equipment, material handling solutions, power generation units and specialty tools, enabling clients to scale their operations without the capital expense of ownership. In addition to basic machinery rentals, Herc provides value-added services such as equipment maintenance, on-site safety training and project consulting to help customers optimize productivity and maintain compliance with industry standards.

Founded as part of Hertz Global Holdings, the equipment rental business was spun off as an independent public company in early 2016.